Indianapolis-based City Securities Corporation has committed $125,000 over five years to support research projects conducted by Krannert finance professors.

A City Securities Corporation Finance Faculty Summer Fellowship will be awarded each year with preference given to more junior, non-tenured faculty. The first fellowship will be awarded in 2006.

“Our finance area has traditionally been a Krannert strength,” says Dean Rick Cosier. “The competition to recruit the best new finance faculty is fierce among top-25 business schools. These fellowships will provide us with a good edge in our recruitment,
and they will yield some important academic research.”

Michael E. Bosway, City Securities Corporation president and CEO, says finance is at the heart of the investment banking business, and City Securities is interested in supporting its continuing strength at the Krannert School.

“At City Securities, we do finance every day,” Bosway says. “We and the Indiana business community will benefit from research in finance and in Krannert graduates with
cutting-edge knowledge gained from top finance faculty.”

Academic Assessment Services recently ranked Krannert’s finance area No. 17 nationally, and two of its researchers are among the most prolific in the field, according to a study of major publications over 25 years by the academic journal Financial Management.